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Getty Images New Zealand-based FONTERRA CO-OPERATIVE said on Wednesday it had been fined NZ$900,000 ($705,000) by China's top economic planning agency after a review of pricing
practices for consumer dairy products in mainland China. "We accept the NDRC's (National Development and Reform Commission) findings and we believe the investigation leaves us with
a much clearer understanding of expectations around implementing pricing policies, which is useful as we progress our future business plans," Kelvin Wickham, President of Fonterra
Greater China and India, said in a statement. _(Read more:_ New Chinese milk scandal - this time with a Western culprit) Units in the Fonterra Shareholders Fund last traded up 1.1 percent at
NZ$7.03. The company is currently embroiled in a contamination scare over some of its products exported to eight countries, including China.
